WASHINGTON, Jan 13 (Reuters) - Nvidia ( NVDA ) on Monday

criticized a new effort by the Biden administration to tighten

Washington's grip on artificial intelligence chip flows around

the world, saying the regulation would jeopardize current U.S.

leadership in AI.

The new rule, which is expected to be published as soon as

Monday, "threatens to derail innovation and economic growth

worldwide," and would "undermine America's leadership," Nvidia ( NVDA )

Vice President of Government Affairs Ned Finkle said in a

statement.

Reuters reported last month on the U.S. Commerce

Department's plan for approving global AI chip exports while

also preventing bad actors from accessing them. One aim of the

restrictions is to keep AI from supercharging China's military

capabilities.

Finkle argued America's leading role in AI would be hurt

because the rule "would impose bureaucratic control over how

America's leading semiconductors, computers, systems, and even

software are designed and marketed globally."

The Santa Clara, California-based company also said the rule

would not improve U.S. national security and it would control

technology that is already widely available in gaming and

consumer hardware.

"Rather than mitigate any threat, the new Biden rules would

only weaken America's global competitiveness, undermining the

innovation that has kept the U.S. ahead," Finkle said.